- Disclosure controls

Transcription

1

2 Overview The disclosure control data set covers all SEC registrants who have disclosed their management s assessment of disclosure controls since September The data has been extracted principally from the following form types: 10-K, 10-Q, 10KSB, 10QSB, 20-F and 40-F s. Each row represents the data concerning the management s assessment of disclosure controls. For further understanding of the disclosure requirements regarding disclosure controls please see Securities and Exchange Act of a-15(b), Regulation S-K , PCAOB Auditing Standard No. 2 and Sarbanes-Oxley Act Section 302. Data Field Defintions The following field names are in bold for the name as it appears on our web site downloads; the field names as they appear in our data feeds are in italics.

3 Table of Contents Registrant General Information Disclosure Control Information Registrant Financial Information Contact

4 Registrant General Information Company name Registrant s current name as filed with the SEC. Programmatically extracted and matched from the sec.gov s registrant header page. CIK Code company_fkey Edgar s Central Index Key. Unique numeric identifier for each registrant. Programmatically extracted and matched from the sec.gov s registrant header page. IRS Number irs_number IRS employer identification number (EIN) disclosed in the registrant s most current periodic report. Ticker ticker Registrant s current stock ticker symbol as of the most recent business day. Programmatically extracted and matched from a third party data provider. Market market Principal exchange the registrant s stock currently trades on. Programmatically extracted and matched from a third party data provider. Bus Street 1 bus_street_1 Current business address information. Programmatically extracted and matched from the sec.gov s registrant header page. Bus Street 2 bus_street_2 Current business address information. Programmatically extracted and matched from the sec.gov s registrant header page. City bus_city Current business address information. Programmatically extracted and matched from the sec.gov s registrant header page.. State Code bus_state Current business address information. Programmatically extracted and matched from the sec.gov s registrant header page. 1

5 Registrant General Information (continued) State Name bus_state Current business address information. Translation of state code field. Parent CIK parent_company_fkey The CIK Code of the parent company, if the registrant is the subsidiary of another SEC registrant. Assigned by internal researchers. Parent Name parent_company_name The name of the parent company, if the registrant is the subsidiary of another SEC registrant. Assigned by internal researchers. SIC Code sic_code_fkey 4 digit SIC industry code. Programmatically extracted and matched from the sec.gov s registrant header page. SIC Description sic_code_description Translation of SIC Code. NAICS Code naics_code_fkey 6 digit NAICS industry code. Assigned by internal researchers. NAICS Description naics_code_description Translation of NAICS Code. 2

6 Disclosure Control Information Source form_fkey Indicates the SEC form from which this data row s information has been obtained. Source Date file_date Date on which the filing was submitted to the SEC. Period Ended Date period_ended_date_num Period ended date for which the management s assessment of disclosure controls corresponds. Effective Disclosure Controls 1 is_effective Indicates whether the management found the registrant s dislosure controls to be effective. Material Weakness 1 material_weakness Indicates whether the management indicated a material weakness existed in the registrant s disclosure controls. Other Deficiencies / Disclosures significant_deficiency Indicates whether the management indicated other deficiencies or disclosures regarding the effectiveness of their disclosure controls Accounting Rule (GAAP/FASB) Application Failures _notefeectiveaccountingrule Indicates that the assessment of disclosure controls identified accounting rule application failures. The particular reasons for the failures noted are listed. 1 Note regarding registrants that disclose effective Disclosure Controls while having a Material Weakness: In Audit Analytics, a researcher can search for registrants that claim to have effective Disclosure Controls while also having a Material Weakness. Some registrants affirmatively declare such a situation. In addition to these registrants, the database results will list registrants that are in the grey area that can arise during the transition period that occurs after the implementation of a remediation. Some registrants that disclose effective Disclosure Controls are premature in their claim of a remediation of a Material Weakness. For example, a registrant may claim a weakness is remedied by the implementation of a training program when, in fact, a remedy would not result until the training was completed. In other disclosures, a registrant may provide assurances of a remedy, but couch them in contingent or indefinite language. When reviewing 302 Disclosures that discuss the remediation of a Material Weakness, the analyst requires an unequivocal declaration of a complete and adequate remediation before the analyst will conclude that the Material Weakness is truly remedied. Under this approach, an analyst may not remove the identification of a Material Weakness in the database even though the registrant declared a remediation and effective Disclosure Controls. When this situation occurs, the registrant will appear in the database as claiming effective Disclosure Controls while also having a Material Weakness. Audit Analytics places these grey-area registrants in this category in order to identify their borderline status and allow the researchers to assess the registrant s condition by reading the actual text of the management disclosure available in the database. 3

7 Disclosure Control Information (continued) Financial Fraud, Irregularities and Misrepresentations _noteffectivefinancialfraud Indicates that the assessment of disclosure controls identified financial fraud, irregularities and misrepresentations. The particular reasons for the failures are listed. Errors in Accounting and Clerical Applications _noteffectiveerrors_reason_phrases Indicates that the assessment of disclosure controls identified errors in accounting and clerical applications. The particular reasons for the errors are listed. Other Disclosure Control Weakness _noteffectiveother_reason_phrases Indicates that the assessment of disclosure controls identified other disclosure control weaknesses. The particular reasons are listed. 4

8 Registrant Financial Information Financial Data The financial data points are matched on the quarterly period end date. Please note that when the Financials Date field is null or zero, it signifies that we were unable to match corresponding financial information to the data row in question. Stock Price matchqu_price_close Closing price of the registrant s equity on the date specified (see field Stock Price Date). This value is used to calculate the year end market capitalization. Stock Price Date matchqu_price_date Corresponding date for the Stock Price field. Market Cap matchqu_total_shares_outstanding_market_cap Market capitalization as of Stock Price Date. Calculated by multiplying total shares outstanding as of Stock Price Date times Stock Price. Financials Date matchqu_date_ttm Corresponding year ended date for the Revenue, Earnings, Book Value and Assets fields. Revenue matchqu_incmst_revenue_ttm Corresponds to the past year s Total Revenue usually found as the first item on the Income Statement. Note that for banks and financial institutions revenue includes both interest and non-interest income. In addition banks and financial institutions do not include write downs or losses of any kind when calculating Total Revenue. Earnings matchqu_incmst_net_income_ttm Corresponds to the past year s Net Income and is a calculated field (Revenues Expenses) usually found as a line item on the Income Statement. Book Value matchqu_balsh_book_value Corresponds to the year end Book Value and is a calculated field (Total Stockholders Equity Goodwill Intangible Assets). Assets matchqu_balsh_total_assets Corresponds to the year end Total Assets and is usually found as an item on the Balance Sheet. Document last updated 20 June

9 Contact For more information about online subscriptions, data feeds and custom reports please contact: Audit Analytics (508) AuditAnalytics.com A service of IVES Group 9 Main Street, Suite 2F Sutton, MA Call or us to schedule your personal online demonstration today! 6